GLIMSTEDT advised Emedius, AB in the sale to GARO

On 28 of February, Garo Montage, AB acquired Emedius, AB for a purchase price of SEK 31 million. Following the acquisition the leased property, in which the company conducted its operations, was transferred to Garo, AB (publ).

Garo Montage, AB is a company in the Garo group is listed on Nasdaq Stockholm. It develops and manufactures innovative products and systems for the electrical industry. The company’s head office is in Gnosjö, the place where Emedius is also located. Emedius has 36 employees. The company markets and manufactures standard electricity boards, distribution boards and substations. The company’s turnover in 2016 amounted to SEK 71.5 million and its operating profit amounted to SEK 6.3 million.

GLIMSTEDT advised Emedius in the sale. The team consisted of partners Martin Ågren and Håkan Unbeck from Jönköping office.

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